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Valentine’s Day a focus for $40m in fake romance scams: ACCC
With almost 3,700 reports of cold-hearted cons in 2022, the commission urges singles to watch out.
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BDO bolsters advisory and audit with two partner-level recruits
A former KPMG US director plus a former Grant Thornton director bring extensive experience to the firm.
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Personal insolvencies to spike in face of rising rates, CPI
Confronted with “significant financial stress”, more individuals will find themselves in bankruptcy says AFSA.
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Wield carrot and stick on payment times: ASBFEO
The reporting regime has failed to alter performance so there needs to be an easy way to monitor good and bad behaviour.
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Final QAR report ‘fails to address’ limited AFSL issue
The advice landscape will look little different if the recommendations are adopted, critics say.
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RBA revises up inflation number in February forecast
Inflation will now not fall into its target range until 2025, according to the RBA’s monetary policy statement.
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FWO acts against Melbourne Uni over alleged $150,000 underpayment
The Ombudsman claims the university paid staff using benchmarks instead of actual hours worked.
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SuperConcepts reveals key initiatives for 2023
The SMSF services provider will add a range of features to its SuperMate software this year, including property processing and a trustee portal.
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Unregistered tax agent gets 10 days in jail, $80,000 fine
The Federal Court has found him guilty of contravening the Tax Agent Services Act 2009 and contempt of court.
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$1bn blow-out prompts review of MBR program
The Modernising Business Register project has been plagued by cost overruns, delays and failures, such as the director ID scheme.
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ATO turns up the heat on holiday home deductions
Accountants must ask all the right questions about what clients really do with their summer houses.
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Franchisor faces court for alleged Fair Work breaches by outlets
The FWO breaks fresh legal ground by holding café business liable for actions of franchisees.
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Employsure to pay $3m fine for misleading ads after ACCC appeal
Court raises fine on human resources supplier for falsely representing that it had government approval.
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KordaMentha recruits four forensic specialists
The firm says demand for independent anti-money laundering and financial crime experts is soaring.
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Futrli sees prediction tech as driver of advisory services
The Sage-owned prediction modelling software provider believes prediction technology is the perfect catalyst for new advisory relationships with clients.
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FYI appoints experienced IT professional to C-suite
The chief operating officer of Frisk moves to oversee operations at the document management and process automation firm.
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Faster payments for SMEs spur Stripe, Xero partnership
Expanded integration aims to help small businesses manage cash flow as costs rise.
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Be brave about advice reform, Canberra told
UPDATED: Accounting bodies welcomed the “bold recommendations” in the Quality of Advice Final Report yesterday and urged the government to follow up with action.
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Bankruptcies ‘to triple if history repeats itself’
Personal insolvencies moved in lock-step with rate rises during previous crises and that points to a huge increase this year, says insolvency specialist.
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RSM Australia lions roar in Chinese Year of the Rabbit
A cultural production hosted by the firm’s Perth office was embraced by hundreds of employees and their families to celebrate the Lunar New Year.
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